Perbandingan Abnormal Return Saham Sebelum dan Sesudah Perubahan Waktu Perdagangan Selama Pandemi Covid-19 (original) (raw)
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Perbandingan Abnormal Return Saham Sebelum Dan Sesudah Stock Split DI Bursa Efek Indonesia 2014-2018
Jurnal Manajemen Sinergi
Objective: Comparison of Abnormal Stock Returns Before and After Stock Split on the Indonesia Stock Exchange. The sample in this study used a purposive method. Based on the sample selection in accordance with the specified criteria, the number of samples in this study were 40 companies or as many as 200 units of observation within a period of 5 years.Methodology: The analytical method used in this study is the Test Difference method.Finding: Hypothesis accepted at the 5% confidence level.Conclusion: The results showed that abnormal returns had a positive and significant effect before and after the stock split. Because an increase in abnormal stock returns before and after the stock split.
This research aimed to provide empirical evidence a difference of abnormal return and Trading Volume Activity by before and after receiving the award ARA, ICA, ISRA on companies listed in the Indonesia Stock Exchange in 2014.This research is secondary data in the form of the company's daily closing price and number of outstanding shares can be obtained from www.idx.co.id and Indonesian Capital Market Directory (ICMD). With a sample of ARA award recipient, ICA, ISRA on companies listed in the Indonesia Stock Exchange in 2014. The data analysis method used in this study is event study analysis techniques and different test t-test.The results shows that there is no difference of abnormal return and trading volume of activity before and after the announcem ent of the award Annual Report Award (ARA), Indonesian CSR Award (ICA), and the Indonesian Sustainability Reporting Award (ISRA) in 2014.
Bongaya Journal for Research in Accounting (BJRA)
This research aims to investigate if there was difference in abnormal return and trading volume activity beforeand after the announcement of Corporate Image Award. The market reaction is measured by abnormal returnand trading volume activity. The sampel used in this research are all companies which accept the appreciationof Corporate Image Award that listed in Indonesian Stock Exchange (IDX) in 2015, 2016, and 2017 period. Thisresearch uses event study to show market reactions arount the event period, at five days before and after theannouncement by used a market adjusted model for expected return. The research data that used is secondarydata that consist of daily closing price of shares and daily and daily trading volume activity. The statistic methodused to test the hypotheses was Wilcoxon Signed Test. The results of this research proves that there is nodifference abnormal return and trading volume activity before and after Corporate Image Award announcement.
Perbandingan Kinerja Saham Sebelum Dan Selama Pandemi COVID-19
Jurnal Akuntansi Keuangan dan Bisnis, 2023
Pandemi covid-19 yang masuk ke Indonesia telah menyebabkan ketidakstabilan pada pergerakan harga saham di Bursa Efek Indonesia, khususnya pada beberapa kelompok saham seperti LQ45, saham syariah, perbankan, dan manufaktur. Ketidakstabilan tersebut membuat investor merasa tidak pasti mengenai return yang akan diperoleh. Oleh karena itu, penelitian ini bertujuan untuk menginvestigasi apakah risiko pasar berpengaruh terhadap return saham pada beberapa kelompok saham yang dibagi menjadi return tinggi dan rendah sebelum dan selama pandemi covid-19. Metode analisis yang digunakan adalah Two Pass Regression dengan pendekatan Capital Asset Pricing Model. Data harian digunakan dalam penelitian ini,
Analisis Perbedaan Abnormal Return Sebelum dan Sesudah Pengumuman Jakarta Islamic Index
Kompartemen: Jurnal Ilmiah Akuntansi, 2020
Tujuan penelitian ini adalah untuk menganalisis perbedaan rata-rata abnormal return pada saham JII sebelum dan sesudah peristiwa masuk JII, dan sebelum dan sesudah peristiwa keluar JII pada periode 2012 sampai dengan 2017. Penelitian ini menggunakan event study dengan melakukan pengamatan terhadap rata-rata abnormal return saham selama 7 hari sebelum (pre event), hari peristiwa event date, dan 7 hari setelah (post event) peristiwa pengumuman perubahan komposisi JII periode 2012 sampai 2017. Penelitian ini menggunakan data sekunder. Data yang digunakan dalam penelitian ini meliputi harga penutupan saham harian dan nilai penutupan JII. Expected return menggunakan model market-adjtusted-model. Sedangkan sampel yang digunakan adalah saham-saham yang termasuk dalam daftar JII pada Bursa Efek Indonesia. Hasil penelitian menunjukkan uji statistik terhadap abnormal return selama periode peristiwa tidak ditemukannya rata-rata abnormal return yang signifikan pada peristiwa masuk dan keluarny...
Jurnal Akuntansi Bisnis, 2022
ABSTRACT: The purpose of this study was to examine the information content of the announcement of the first Covid-19 case in Indonesia by looking at the differences in Abnormal Return and Trading Volume Activity both before and after the event. The method used in this research is an event study. The research period used was 6 stock exchange days, namely 3 days before and 3 days after the announcement of the first Covid-19 case in Indonesia. The statistical test used to test the hypothesis is the One Sample t-test and the Wilcoxon Signed Rank Test. The results of the One Sample t-test show that there are significant negative abnormal returns at t + 1 and t + 2 after the announcement event, which indicates that the Covid-19 pandemic has a negative impact on company operations. Meanwhile, the results of the Wilcoxon Signed Rank test show that there is a significant difference between the Abnormal Return before and after the announcement of the first Covid-19 case in Indonesia. However,...
Analisis Perbedaan Return Saham Sebelum dan Sesudah Hari Libur Idul Fitri
Islamic Economics Journal, 2021
Terdapat perbedaan hasil penelitian yang dilakukan oleh peneliti terdahulu diperiode penelitian yang sama maupun periode yang berbeda. Menurut Sukor, libur Idul Fitri mempengaruhi return saham yang dikarenakan masyarakat lebih membelanjakan uangnya untuk penyambutan libur idul fitri, akan tetapi menurut data yang diperoleh dan hasil penelitian terdahulu hal tersebut bertolak belakang dengan pendapat Sukor. Penelitian ini bertujuan untuk menganalisis perbedaan return saham sebelum dan sesudah hari libur Idul Fitri pada Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia. Dalam penelitian ini adalah metode event study. Penelitian ini dilakukan pada tahun 2017-2021 dengan periode pengamatan 30 hari, yang terdiri dari 15 hari sebelum hari libur Idul Fitri dan 15 hari sesudah hari libur Idul Fitri. Jenis data yang digunakan dalam penelitian ini adalah data kuantitatif dengan sumber data sekunder yang diperoleh dari www.idx.co.id dan www.financeyahoo.com. Alat analisis data yang digunakan dalam penelitian ini yaitu, uji normalitas dan uji paired sample t-test. Hasil penelitian menggunakan uji normalitas menunjukkan bahwa data yang diperoleh dari periode 2017-2021 berdistribusi normal. Hasil penelitian menggunakan uji paired sample t-test juga menunjukkan
BISMA
The purpose of this study is to examine the changes of the stock prices and stock volume traded on the Indonesia Stock Exchange (IDX) on the last day where the shareholders would still posses the right to dividends (cum-dividend date). The population of this study was all public companies listed in the IDX in 2013 that distributed their dividends continuously from 2014 to 2016. The sample consisted of 118 companies collected by using purposive sampling approach. The results showed that there was a difference of abnormal return and trading volume activity on the days around the cum-dividend date.
Analisis Perbedaan Return Saham Sebelum dan Sesudah Hari Libur Akhir Tahun
Jurnal Ilmiah Akuntansi dan Keuangan
Stock returns experience movements based on fluctuating stock prices. This research aims to identify whether there is a disparity in stock returns before the year-end holidays and after the end of the year on the Indonesia Stock Exchange. This research method is carried out by collecting data on stock prices before the end of the year and stock prices after the end of the year from December 2016 to January 2021 by taking daily data (closing prices). The method of analysis used was SPSS software with descriptive statistics, normality test using Kolmogorov-Smirnov, and t test by using Paired Sample t-test. The outcome exhibit that the data were normally dispersed with the value of Asymp. Sig. 2-tailed of 0.200. In addition, the results of the hypothesis test with the t test resulted in a significance value of 0.636. This research indicates that there is no significant contrast in stock returns before & after the year-end holidays.